Equities investors gain N117.51bn as NGX-ASI appreciates by 0.21%
Nigeria’s Equities market closed positive on Thursday as the NGX-ASI increased to 96,407.88 from 96,203.65 recorded at the close of the previous trading day; indicating a YTD return of +28.93%.
Market capitalization increased by N117.51 billion to N55.378 trillion from N55.261 trillion recorded at the close of the previous trading day. The market turnover increased to N7.420 billion from N4.531 billion.
At the end of today’s trading session , a total of 966,973,443 shares in 9,851 deals, corresponding to a market value of NGN 7,420,237,057.99, were traded. Compared with the previous NGX trading day (Wednesday, August 28), today’s data shows 117% improvement in volume, 64% improvement in turnover, but 3% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.4 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 27 gainers and 23 losers. Oando led the gainers with 9.98% share price appreciation closing at NGN 69.95 per share, followed by Julius Berger Nigeria (+9.97%), Cornerstone Insurance Company (+9.88%) and Eterna (+9.86%). On the losing side, SCOA Nigeria came out last with an end-of-day price depreciation of 9.79% at NGN 1.75 per share, followed by Japaul Gold and Ventures (-7.41%), Tantalizers (-6.76%) and Fidson Healthcare (-5.45%). Consolidated Hallmark Holdings recorded the highest volume of 506 million traded shares, followed by FBN Holdings (64.1m), Access Holdings (46.9m) and Prestige Assurance Company (26.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 204.23 (0.21%) points to close at 96,407.88, representing a 1-week gain of 0.72%, a 4-week loss of 0.98%, but an overall year-to-date gain of 28.93%. Other remarkable indices that performed were the NGX Top 30 Index (+0.19%; +1.28% 1WK; +28.59% YTD), NGX Insurance Index (+1.99%; +8.53% 1WK; +32.59% YTD), NGX Consumer Goods Index (+1.26%; +3.18% 1WK; +40.82% YTD), NGX Main Board Index (+0.46%; +1.86% 1WK; +37.91% YTD), NGX Oil & Gas Index (+0.39%; +9.61% 1WK; +74.07% YTD), and NGX Industrial Index (-0.01%; -0.04% 1WK; +42.05% YTD).
